What’s Propelling Hawaiian Holdings, Inc. to Increase So Much?

October 19, 2016October 19, 2016Linda Rogers

In today’s session Hawaiian Holdings, Inc. (HA) registered an unusually high (1,011) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HA increase. With 1,011 contracts traded and 1374 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HA161021C00049000 closed last at: $1.75 or 12.5% down. About 226,161 shares traded hands. Hawaiian Holdings, Inc. (NASDAQ:HA) has risen 5.43% since March 16, 2016 and is uptrending. It has underperformed by 0.11% the S&P500.

Hawaiian Holdings, Inc. (NASDAQ:HA) Ratings Coverage

Out of 8 analysts covering Hawaiian Holdings (NASDAQ:HA), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $58 is the highest target while $24 is the lowest. The $50.33 average target is 3.84% above today’s ($48.47) stock price. Hawaiian Holdings has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Wednesday, October 12, the company rating was maintained by Deutsche Bank. Cowen & Co maintained Hawaiian Holdings, Inc. (NASDAQ:HA) rating on Tuesday, October 20. Cowen & Co has “Market Perform” rating and $31.0 price target. The firm has “Hold” rating by Deutsche Bank given on Tuesday, January 5. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) has “Buy” rating given on Wednesday, January 27 by Deutsche Bank. Sidoti downgraded the stock to “Neutral” rating in Tuesday, October 20 report. The firm has “Outperform” rating given on Thursday, January 7 by Wolfe Research. The stock of Hawaiian Holdings, Inc. (NASDAQ:HA) earned “Neutral” rating by Credit Suisse on Friday, June 10. Cowen & Co maintained the stock with “Market Perform” rating in Monday, November 30 report. As per Wednesday, July 29, the company rating was maintained by Cowen & Co. Deutsche Bank downgraded Hawaiian Holdings, Inc. (NASDAQ:HA) on Friday, April 1 to “Neutral” rating.

According to Zacks Investment Research, “Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is the largest airline headquartered in Hawaii. They are engaged primarily in the scheduled transportation of passengers, cargo and mail. Scheduled passenger service consists of daily service between Hawaii and Las Vegas, Nevada and the four key United States West Coast gateway cities of Los Angeles and San Francisco, California, Seattle, Washington and Portland, Oregon; daily service among the major islands of Hawaii; and bi-weekly service to Pago Pago, American Samoa, Papeete and Tahiti.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.02, from 1.09 in 2016Q1. The ratio fall, as 31 funds sold all Hawaiian Holdings, Inc. shares owned while 88 reduced positions. 43 funds bought stakes while 84 increased positions. They now own 46.20 million shares or 16.22% less from 55.14 million shares in 2016Q1.
Guggenheim Lc holds 0.01% or 46,450 shares in its portfolio. Summit Securities Group Limited Liability Corporation accumulated 6,862 shares or 0.14% of the stock. The Pennsylvania-based Brandywine Inv Limited Liability Company has invested 0.01% in Hawaiian Holdings, Inc. (NASDAQ:HA). Ajo L P has 0.53% invested in the company for 3.14M shares. Ameriprise Fincl holds 0.01% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 517,407 shares. Quantbot Technology L P holds 0.04% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA) for 10,618 shares. Macquarie Group Limited last reported 0% of its portfolio in the stock. Moreover, Tiaa Cref Mgmt Ltd Llc has 0.01% invested in Hawaiian Holdings, Inc. (NASDAQ:HA) for 254,501 shares. Bluemountain Capital Management Limited Liability Corporation holds 45,921 shares or 0.04% of its portfolio. Stevens Cap L P owns 24,551 shares or 0.04% of their US portfolio. Paloma Mgmt Communications last reported 0.01% of its portfolio in the stock. Joel Isaacson And Ltd Co holds 180 shares or 0% of its portfolio. Pinnacle Lc holds 5,039 shares or 0% of its portfolio. Springbok Cap Limited Liability Corporation has invested 0.04% of its portfolio in Hawaiian Holdings, Inc. (NASDAQ:HA). Cornerstone Cap Ltd Liability Corp holds 0.03% or 106,300 shares in its portfolio.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 19 sales for $9.85 million net activity. $819,175 worth of shares were sold by Zwern Richard N on Tuesday, August 30. 16,577 Hawaiian Holdings, Inc. (NASDAQ:HA) shares with value of $739,215 were sold by SWELBAR WILLIAM S. 1,508 shares were sold by Panagiotoulias Theodoros, worth $71,166 on Saturday, August 27. The insider Rose Crystal K sold 40,000 shares worth $1.68 million. 5,000 Hawaiian Holdings, Inc. (NASDAQ:HA) shares with value of $230,066 were sold by DUNKERLEY MARK B. Shares for $1.04M were sold by INGRAM PETER R on Tuesday, June 7. Okinaka Shannon Lei also sold $428,820 worth of Hawaiian Holdings, Inc. (NASDAQ:HA) shares.

Hawaiian Holdings, Inc. is a holding company. The company has a market cap of $2.63 billion. The Company, through its subsidiary, Hawaiian Airlines, Inc. is engaged in the scheduled air transportation of passengers and cargo. It has a 11.42 P/E ratio. The Firm offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as the Company’s Scheduled Operations.

HA Company Profile

Hawaiian Holdings, Inc., incorporated on April 24, 2002, is a holding company. The Company, through its subsidiary, Hawaiian Airlines, Inc. (Hawaiian), is engaged in the scheduled air transportation of passengers and cargo. The Firm offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the International routes), collectively referred to as the Company’s Scheduled Operations. It offers non-stop service to Hawai’i from over 10 the United States gateway cities. It also provides approximately 160 daily flights between the Hawaiian Islands. The Firm operates various charter flights. The Company’s fleet consists of over 20 Boeing 717-200 aircraft for the Neighbor Island routes, and approximately eight Boeing 767-300 aircraft and over 22 Airbus A330-200 aircraft for the North America, International and charter routes. The Firm owns over three ATR42 turboprop aircraft for the Ohana by Hawaiian Neighbor Island service.

More important recent Hawaiian Holdings, Inc. (NASDAQ:HA) news were published by: Zacks.com which released: “Will Hawaiian Holdings (HA) Beat Q3 Earnings Estimates?” on October 17, 2016, also Prnewswire.com published article titled: “Hawaiian Holdings Announces 2016 Third Quarter Conference Call”, Prnewswire.com published: “Hawaiian Airlines Reports September 2016 Traffic Statistics and Updates …” on October 06, 2016. More interesting news about Hawaiian Holdings, Inc. (NASDAQ:HA) was released by: Prnewswire.com and their article: “Travelers Take Off on a Voyage to the Pacific with Hawaiian Airlines and …” with publication date: October 15, 2016.